The Fortaleza property market continues to show strong growth this year with rises in prices and sales in July, well ahead of national statistics
May was an excellent month for the Brazilian property market, which posted bullish results in both sales and launches. Sao Paulo property stood out in particular along with the luxury property sector, one of the stalwarts of the market in general.
Recent government measures have given the Brazilian property market a boost, particularly for demand. In some parts of the country, for example, Fortaleza, the market is already moving upwards with a rise in property prices.
The Brazilian property market faces 2017 with optimism. Based on the tandem of falling interest rates and rising investor confidence, many analysts are pointing to this year as the best time to buy Brazilian real estate.
The Brazilian government has just introduced an economic stimulus package, designed principally to build more properties in Brazil, particularly for the middle classes. Additional measures in the package bring welcome changes to financing in Brazil and are expected to both relieve household debt and stimulate spending.
The property market in Ceará in Northeast Brazil has always followed a slightly different track to the rest of Brazil. Property in Fortaleza, the capital, grew faster than the majority of Brazilian cities prior to 2016 and this year, property prices have continued to grow.
The Brazilian property market produced a set of very positive figures in July proving the scenario for real estate generally is back on track.
Any world-class sporting occasion opens the door to holiday let opportunities for homeowners in the host city. The 2016 Olympics are no exception and as Brazil gets ready for this unique event, Rio de Janeiro properties are cashing in by offering accommodation to tourists attending the Games.
Optimism surrounds the Fortaleza property market based on the city’s pent-up demand and lack of supply, a situation that contrasts with many other cities in Brazil. This conclusion was reached by some of Fortaleza’s most prominent business people in a recent interview published in O Povo newspaper. This latest BRIC Group news article provides a summary.
Brazilian real estate continues to attract international investment funds, keen to make the most of the current situation in the Brazilian property market. Among the largest investors is Blackstone who claims that now is the time to invest in property in Brazil, as this latest BRIC Group news article explains.